Asia Pacific Fraud Journal (APFJ - Association of Certified Fraud Examiners, ACFE)
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THE EFFECT OF CORRUPT BEHAVIOR ON THE FLOW OF FOREIGN DIRECT INVESTMENT TO INDONESIA
Get PDFThe objective of this paper is to find out whether corrupt behavior can affect the foreign investment flow to Indonesia. Corrupt behavior in Indonesia is proxyed using Corruption Perceptions Index (CPI) issued by Transparency International institution. This study was conducted empirically through a single model built using a gravity model with panel data regression. The variables included in the model are capital flows, bilateral factor, economic size of home country, economic size of host country, barrier of investment, and global factors. The bilateral factor is reviewed using the competition of foreign investment flow to China. The investment constraint, in the form of corruption, is reviewed using the Corruption Perceptions Index (CPI). The result of the research shows that foreign investors are very concerned about corruption in Indonesia which is considered as a barrier and obstacle in investment. The high level of corruption has resulted in a decrease in the flow of foreign direct investment into Indonesia. This should be cautioned because corruption in Indonesia has had a negative effect on the investment climate in Indonesia
MINIMIZING CORRUPTION BY OPTIMIZING THE PRIVILEGE OF ACEH (Constitutional Perspective)
Get PDFABSTRACTEradication of corruption is one way to accelerate national development aimed at realizing justice, prosperity, and order for the Indonesian people as a whole based on Pancasila and 1945 Constitution of the Republic of Indonesia. Aceh has been positioned as a special regional government unit, which is a crystallization of the values contained in the local wisdom of the Acehnese people, such as upholding the principle of divinity in all social activities, including in the scope of local government that always adhere to romantic customs.The Essence of the foundation for preventing corruption, especially in Aceh, has been attempted by establishing organic regulations, such as Qanun (from Acehnese language means legislation). Substantially, however, the organic regulations are sometimes not directly addressed to the term of corruption. Therefore, it is necessary to formulate regulation as an effort to accommodate the eradication of criminal acts of corruption. On the same occasion, the synergy of customary institutions as the lowest level of local government unit becomes a necessity, especially Imeum Mukim (from Acehnese language means head of customary government). Imeum Mukim can serve as a locomotive to prevent corruption by strengthening his integrity and competence.The research method used is normative legal research. The type of data used is secondary data, consisting of primary legal material (various forms of legislation), secondary legal materials (data collection of scientific work of scholars and the results of the research relating to the privilege of Aceh Province), and tertiary legal materials (materials providing information on primary legal materials and secondary legal materials, such as dictionaries and encyclopedias). Once the data are collected and considered to be complete enough, the next step is to manage and analyze the data. Data analysis is conducted using qualitative data analysis technique
USING VIABLE SYSTEM MODEL TO ANALYSE INDONESIA’S ANTI-CORRUPTION STRATEGY
No full textIndonesia’s fighting against corruption has a serious problem in relation to how to make all the institutions working together under a strong model. This paper uses the Viable System Model as a framework model for Indonesia’s anti-corruption measures. The model is used by author to understand the Indonesian anti-corruption parties’ measures in a single model, understanding the problems inherited to the agencies and giving solutions for them to improve anti-corruption measures for the effectiveness of the achievement of better Corruption Perception Index for Indonesia
SOCIALIZING LOCAL WISDOM VALUES TO THE PEOPLE OF SOUTHEAST SULAWESI AS AN EFFORT TO PREVENT CORRUPTION
Get PDFAn understanding of the values of local wisdom as one of the most important elements in preventing corrupt behavior should be encouraged and introduced to today’s generation, given that the current generation’s behavior has slowly abandoned the ancestral heritage that is full of meaning and content in life. All cultures certainly teach goodness to the people, especially the younger generation, but unfortunately they often fail to understand and even abandon the cultures, which in turn, their behaviors become uncontrollable. Their actions tend to drift from noble values. Some of the values of local wisdom studied in this paper include respecting the neighbors, avoiding and reconciling conflicts, appreciating others’ work and services, and gathering property in the right wa
FRAUD AND ANTI-FRAUD IN THE PORT SECTOR
Get PDFThe purpose of this study was to determine the anti-fraud and fraud in the port sector. Research method used in this research is qualitative approach, with case study. The results of this study found that fraud was committed by employees (employee fraud), management (management fraud), supplier (vendor fraud), and customer (customer fraud). And for anti-fraud program, the Indonesia Port Corporation has launched IPC clean program as a form of the implementation of Whistle-blowing System
SELF-REPORT MECHANISM BY COMPANIES IN RELATION TO FRAUDULENT ACT OF BRIBERY: A CHANGE IN COMPANY’S LEADERSHIP CULTURE
No full textThe purpose of this study is to emphasize that the goal of Criminal Justice System in terms of fraud and other corrupt practices by company (such as bribery), one of the way is to avoid far-reaching consequences, including debarment of the company from the local government. Notwithstanding its immensity, corruption can cause damage to the reputation of the business and jeopardize its profitability. To prevent this from happening, this study will examine the possibility for companies to conduct a self-report mechanism in relation to fraudulent act of bribery, as a way to change company’s leadership culture. By conducting self-report mechanism (as have been implemented in U.S. through the FCPA and U.K. through the UK Bribery act), companies are expected to whistleblow its own wrongful acts to relevant authority, so that their employees are no longer committing fraud, knowing that the company will report them. While on the other hand, the company will gain benefit (such as monetary recoveries, leniency) in conditions that will be explained further in this paper
OPTIMIZING THE UTILIZATION OF INTRAC’S ANALYSIS REPORT AND INSPECTION REPORT TO INCREASE STATE REVENUE (Presidential Instruction No. 2 of 2017)
No full textCorruption is considered as a major contributor to the inequality of prosperity of the Indonesian people. Corruption is a predicate crime leading to criminal act of money laundering. Nonetheless, many of the Indonesian Financial Transaction Reports and Analysis Center (INTRAC)’s analysis report submitted to the law enforcement agencies were not processed into money laundering investigation due to lack of evidence collected. The effort was ceased and no subsequent action to the analysis report. Current Presidential Instruction No. 2/2017 required optimization of INTRAC’s analysis report by submitting the deadlocked case to Directorate General of Taxation (DGT) thus DGT may utilize the report to review, trace and investigate the potential taxation-related criminal acts
